Inflation is Poland is continuing to fall and is on its way to hitting the central bank’s (NBP) inflation target, Adam Glapinski, the bank’s governor, has said.
Glapinski was speaking a day after the Monetary Policy Council (MPC) left the reference interest rate unchanged at 5.75%.
Inflation in Poland now stands at 6.5% having hit a high earlier in the year of 18.4%. The central bank’s target is 2.5% +/- 1%.
“We are very pleased with the rapidly progressing decline in inflation,” Glapinski said.
“Inflation is falling and is on a path towards our inflation target,” he added, pointing out that the decline aligned with the NBP’s projections.
“All further decisions will depend on incoming data, even next month’s decision,” he added.
He also that further action could be possible in March once the situation with regulated prices was clarified and the next NBP inflation projection is presented. (PAP/Business World Magazine)
